David Taylor Is The President of VersaBank (TSE:VB) And They Just Picked Up 1.9% More Shares

Potential VersaBank (TSE:VB) shareholders may wish to note that the President, David Taylor, recently bought CA$255k worth of stock, paying CA$12.73 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 1.9%.

View our latest analysis for VersaBank

VersaBank Insider Transactions Over The Last Year

In fact, the recent purchase by President David Taylor was not their only acquisition of VersaBank shares this year. Earlier in the year, they paid CA$11.55 per share in a CA$310k purchase. We do like to see buying, but this purchase was made at well below the current price of CA$14.13. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

In the last twelve months insiders purchased 124.45k shares for CA$1.4m. But they sold 700.00 shares for CA$7.9k. In total, VersaBank insiders bought more than they sold over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

VersaBank is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership of VersaBank

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that VersaBank insiders own 11% of the company, worth about CA$43m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About VersaBank Insiders?

It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. Insiders likely see value in VersaBank shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing VersaBank. While conducting our analysis, we found that VersaBank has 1 warning sign and it would be unwise to ignore it.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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